About Usha Elevators Private Limited
Data last updated:
Usha Elevators Private Limited is a private limited company based in Bangalore North, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 13 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2012PTC062505. Its GSTIN is 29AABCU4122B1ZS (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Prerna Chhatre and Giri Tatamanji.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kumara Park, Bangalore North, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.96 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹54.67 Lakh (net margin 2.9%) and EBITDA of ₹93.82 Lakh (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 9% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Usha Elevators. As per MCA filings, the company has open charges of ₹9 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in March 2021. Its 10 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Reliable Lifts India Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ushaelevators.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOld No.90 New No.129 Railway Parallel Road, Kumara Park West, Bangalore North, Karnataka, India – 560020
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Usha Elevators Private Limited
The main business activity of Usha Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Usha Elevators Private Limited FY 2024 filings available
Usha Elevators Private Limited reported revenue of ₹18.96 Cr (up 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Usha Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 29% growth in the latest year. EBITDA rose 10% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Usha Elevators Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹93.82 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54.67 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Usha Elevators Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Usha Elevators are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Usha Elevators Private Limited
Usha Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliable Lifts India Private Limited | •••• | •••• | •••• | •••• | 101 | Pune, Maharashtra, India |
| Iee Lifts Private Limited | •••• | •••• | •••• | •••• | - | Mohali, Punjab, India |
| Surya Elevators Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Garuda Cranes Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Techmech Cranes India Private Limited | •••• | •••• | •••• | •••• | - | Medchal, Telangana, India |
| Usha Elevators Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Synergy Industrial Services Pvt Ltd | •••• | •••• | •••• | •••• | 30 | Kolkata, West Bengal, India |
| Vtom Cranes Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Enermech India Private Limited | •••• | •••• | •••• | •••• | 134 | Mumbai, Maharashtra, India |
| Sunservices Forklift Parts Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Graand Prix Elevators India Private Limited | •••• | •••• | •••• | •••• | 53 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Usha Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Usha Elevators Private Limited
Usha Elevators Private Limited is audited by Devika & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Devika & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Usha Elevators Private Limited
Usha Elevators has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prerna Chhatre Also directs: Titanium Financial Technologies Private Limited | Director | 13 Feb 2012 | 14 Years 7 Months | Current |
| Giri Tatamanji Also directs: Titanium Financial Technologies Private Limited | Director | 13 Feb 2012 | 14 Years 7 Months | Current |
Ownership and Shareholding of Usha Elevators Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Usha Elevators Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2024 | State Bank of India | ₹4.5 Cr | Open |
| 24 Nov 2021 | Hdfc Bank Limited | ₹2 Cr | Open |
| 17 Sep 2019 | Standard Chartered Bank | ₹1.5 Cr | Open |
| 27 Aug 2018 | Standard Chartered Bank | ₹1 Cr | Open |
Total charge records: 4 View all charges
Deals & Funding of Usha Elevators Private Limited
Usha Elevators Private Limited has 1 deal on record (1 rights issue); the latest was in March 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹49 Lakh | Investors: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Usha Elevators Private Limited
Usha Elevators operates one associated brand: Usha Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator manufacturing, installation, and maintenance services in India. | ushaelevators.com |
Employees and EPFO Compliance at Usha Elevators Private Limited
Usha Elevators Private Limited has a workforce of 56 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Usha Elevators Private Limited
Usha Elevators Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Giri Tatamanji was appointed as Director on 13 Feb 2012.
Credit Ratings, Litigation & Regulatory Alerts for Usha Elevators Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Usha Elevators Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Usha Elevators Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Usha Elevators Private Limited
Usha Elevators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCU4122B1ZS | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Usha Elevators Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Usha Elevators Private Limited
Usha Elevators is an active private limited company based in Bangalore North, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 13 February 2012 (14+ years old) and is registered under CIN U74900KA2012PTC062505.
Usha Elevators reported revenue of ₹18.96 Cr for FY 2024 (up 29% YoY).
Usha Elevators has 2 current directors:
- Prerna Chhatre - Director
- Giri Tatamanji - Director
Usha Elevators reported a net profit of ₹54.67 Lakh (net margin 2.9%) and EBITDA of ₹93.82 Lakh (EBITDA margin 4.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Usha Elevators is 20% over three years and 9% over five years. In the latest year (FY 2024) revenue rose 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Usha Elevators is 29AABCU4122B1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Usha Elevators is U74900KA2012PTC062505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usha Elevators was incorporated on 13 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Usha Elevators has 1 deal on record (1 rights issue); the latest was in March 2021.
The peers of Usha Elevators by revenue are Reliable Lifts India Private Limited, Iee Lifts Private Limited, Surya Elevators Private Limited, Garuda Cranes Private Limited, Techmech Cranes India Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Giri Tatamanji was appointed as Director on 13 Feb 2012. Prerna Chhatre was appointed as Director on 13 Feb 2012.